Project Finance NewsWire

May 1999

IN THIS ISSUE

Hybrid Debt Survives Test Case

The debt is called MIPS, or monthly income preferred securities. MIPS have rapidly displaced preferred shares in corporate capital structures since they were first introduced in 1993...

Progress On Shared Pledge Dilemma

Among the more intractable challenges in structuring and closing infrastructure project financings in emerging markets has been the tug-of-war between project lenders and political risk insurers (...


IN OTHER NEWS

China Announced Changes

The changes were in circulars issued by the State Administration of Taxation in November, but only available recently.

A Coalition of Companies

A coalition of companies is lobbying to eliminate withholding taxes on interest between the US and Canada.

Debts

DEBTS by electing to be treated as “securities dealers” for US tax purposes.

Briefly Noted

The US Treasury received a letter from Irvin N. Gleim of Gleim Publications, Inc. in Gainesville, Florida recently enclosing copies of newspaper articles ...